News Topic: Growth strategies

A deal to merge with First General Credit Union in Norton Shores, Mich., will extend the Detroit-area institution's reach across the state. ... Read full article

A plan to make expansion easier for credit unions is getting pushback not just from bankers, but also from the regulator's current chairman and a former board member. ... Read full article

ATG Trust, which has $387 million of assets under management, handles land trusts and administers court-supervised guardianships. ... Read full article

The combined institution will hold assets of more than $335 million and serve over 20,000 members across eight counties in Oregon. ... Read full article

Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year. ... Read full article

A recently approved TIP charter, the latest in a series of growth initiatives over the last five years, will allow the Tampa-based credit union to serve anyone working in the medical field statewide. ... Read full article

The North Carolina-based credit union, which purchased the vacant bank branch last summer, serves some members across the state line but has not had a brick-and-mortar presence there until now. ... Read full article

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks. ... Read full article

The onset of COVID-19 forced the industry’s largest trade group to put its Open Your Eyes campaign on hold, but nearly a full year later it’s still struggling for industry buy-in. ... Read full article

The Flint-based credit union is the state's third in just over one year to get the OK for an expansion allowing anyone who lives or works in the state to join. ... Read full article

The California company acquired Civic Financial Services, which makes loans to residential real estate investors. ... Read full article

The Miami bank, which called off a proposed sale to a credit union last year, recruited Ramon Rodriguez from City National Bank of Florida to oversee its local lending and global banking operations. ... Read full article

Any business loan growth the industry sees this year will be closely tied to mass vaccination efforts and a broader economic recovery, meaning it may take until at least the third quarter for pent-up demand to translate into new opportunities. ... Read full article

California Polytechnic State University is said to be seeking a new banking partner, a move which could leave the university-based credit union without a home. ... Read full article

The U.S. unit of Toronto-Dominion Bank merged its corporate and specialty team with its commercial banking group, putting the fast-growing operations under the same leadership. ... Read full article

Stephen Steinour, the head of Huntington Bancshares, approached TCF Financial about a merger three days after the latter's CEO abruptly retired. An agreement was sealed in about six weeks. ... Read full article

After rising losses in 2020, First Credit Union of Scranton is seeking members' approval to merge into Penn East FCU. ... Read full article

The new name is the first major change since Dennis Zember became the company's CEO last year. ... Read full article